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Australian PSI: Services Sector Treads Water In April
After two months of mild expansion, conditions in the services sector eased in April 2015. The seasonally-adjusted Australian Industry Group Australian Performance of Services Index (Australian PSI ®) declined marginally by 0.5 points to 49.7 points this month, signalling broadly stable conditions across the services industry. On the other hand, the three-month moving average for the Australian PSI ® remains almost unchanged, at 50.5 points in April, signalling the second month of expansion. Recent results from the Australian PSI ® suggest growth in Australian demand for goods and services (as measured by the ABS ... (full story)